~li~ 4.47% (60-month, new car) 5.13% (36-month, used car) Auto loan rates were mixed this week after setting new record lows across the board in last week’s survey.The average rate for a 48-month new-car loan fell 1 basis point to 4.36 percent. The average rate for 60-month new-car loans was unchanged at 4.47 percent. A basis point is one-hundredth of 1 percentage point.Used-car loan rates also .. more …
COMMENTARY This week, Senate Democrats are lambasting Republicans for voting down legislation designed to fix need-based student loan rates at 3.4 percent. Without this legislation, rates will likely double in the next year, eclipsing 6.8 percent long before the next batch of freshman graduate. Although there is a lot of quibbling in the Senate and in the House as to why this bill got the thumbs .. more …
~li~ 4.47% (60-month, new car) 5.13% (36-month, used car) Auto loan rates set new record lows across the board in this week’s survey.The average rate for a 48-month new-car loan fell 2 basis points to 4.37 percent. The average rate for 60-month new-car loans fell even more, knocking off 3 basis points to 4.47 percent. A basis point is one-hundredth of 1 percentage point.Used-car loan rates also .. more …
WASHINGTON (AP) — President Barack Obama , Vice President Joe Biden and members of Obama’s cabinet are mounting a renewed campaign to extend low interest student loans for another year, pushing a .. more …
NEW DELHI (Reuters) – State Bank of India is cutting its loan rates for small and medium enterprises by 1.5 to 2.0 percentage points, Chairman Pratip Chaudhuri said, adding that the move would not squeeze margins at India’s largest lender.India’s banks, saddled with high-cost long-term deposits, narrow profit margins and the threat from a rising volume of bad debts, are hard-pressed to follow the .. more …
Colson went to prison for obstruction of justice Colson was known as President Nixon’s hatchetman Watergate-era figure Charles W. Colson dead at 80 Colson helped form Republican-evangelical alliance Colson became evangelical leader after prison Colson formed Christian prison ministry after jail Orrin Hatch to face Tea Party challenger Wal-Mart: Checking into Mexican corruption claims U.S. .. more …
People with loans and mortgages will be watching the big banks anxiously after the ANZ yesterday blitzed its customers with a surprise rate rise.Home and small business owners with ANZ loans will have .. more …
Home and small business owners with ANZ loans will have to hand over more cash from next week after a surprise interest rate hike by the bank.In a statement released late on Friday, ANZ said it was lifting interest rates on variable home loans and small business loans by 0.06 percentage points.The move came despite the Reserve Bank of Australia (RBA) opting to leave its cash rate on hold at 4.25 .. more …
Corporation Bank has marginally cut housing loan interest rates with effect from April 1. A bank release said here that the interest rate on loans up to Rs 25 lakh for a period up to five years will .. more …
Mumbai, March 30: State-owned IDBI Bank today brought down interest rates on new floating rate home loans by 25-75 basis points .The lender will now offer an interest rate ranging between 10.75 per cent and 11.50 per cent on various home loans .The revised rates will come into effect from April 2.Bankers see the reduction as an attempt by the bank to gain market share at a time high interest rates .. more …
